SignalPlus Volatility Column (20231108): Digital currency failed to rise, ETH IV fell back towards BTC

特邀专栏作者

2023-11-08 19:53 (UTC+8)

This article is about 509 words, reading the full article takes about 1 minutes

BTC rebounded strongly after falling to an intraday low of 34,500 yesterday afternoon (7Nov). It once challenged the 36,000 mark, and then gave up half of the gains and consolidated around 35,300.

AI Summary

Expand

BTC rebounded strongly after falling to an intraday low of 34,500 yesterday afternoon (7Nov). It once challenged the 36,000 mark, and then gave up half of the gains and consolidated around 35,300.

International oil prices fell sharply yesterday (7 Nov), with WTI and Brent crude oil closing down 4.69%/4.40% respectively, hitting new lows since July 24; the ten-year U.S. Treasury yield fell, now at 4.58%, and the two-year rose to around 4.94%. U.S. stocks rose for the seventh consecutive trading day, with the Dow/SP 500/Nasdaq closing up 0.17%/0.25%/0.9% respectively.

Source: SignalPlus, Economic Calendar

Source: Binance & TradingView

In terms of digital currencies, BTC rebounded strongly after falling to an intraday low of 34,500 yesterday afternoon (7 Nov), once challenging the 36,000 mark, and then gave back half of its gains and consolidated around 35,300. During this period, Call Spread received a large number of transactions. At the low point, a large number of short-term positions were opened at 10 Nov. After the short-term rise, it attracted buys on 17 Nov/24 Nov and other periods, which lasted until 8 Nov 6 am the next day (UTC+ 8) Until the price falls back. Then the market sentiment turned, and the Short Call Spread represented by 24 Nov 37000 vs 40000 became a trading hot spot.

In terms of implied volatility, the BTC front-end rose slightly, the forward fell slightly, and the curve overall flattened; ETH IV experienced an overall decline of about 1.5% to 2% vol, and the difference between the front-end and BTC IV gradually moved toward 0 return. In fact, ETHs attempts to challenge 1900 for several consecutive days ended in failure, lowering the markets expectations for its volatility. The Short Straddle strategy of nearly 18K contracts on the bulk platform on 24 Nov also expressed traders bearishness on ETHs recent implied volatility. View.

Source: Deribit (as of 8 NOV 16:00 UTC+8)

Source: SignalPlus

Source: Deribit Block Trade

You can search for SignalPlus in the Plugin Store of ChatGPT 4.0 to get real-time encryption information. If you want to receive our updates immediately, please follow our Twitter account @SignalPlus_Web3, or join our WeChat group (add assistant WeChat: xdengalin), Telegram group and Discord community to communicate and interact with more friends.

SignalPlus Official Website：https://www.signalplus.com

BTC

ETH

currency

options

Welcome to Join Odaily Official Community